NABARD Scheme

Scheme of MNRE GOI for Installation of 30,000 Solar water pumps for Irrigation Purpose through NABARD Subsidy can be claimed only projects undertaken BY MNRE empaneled entrepreneurs or manufacturers Individuals group of individuals, SHGs, JLGs, NGOs Farmers Clubs and Farmers Producers Organizations are eligible for Subsidy, Private/Public limited companies corporates are not eligible.

Aquaculture Fish and Prawn ponds also eligible under this scheme

40% Subsidy from MNRE through NABARD

20% Customer Contribution

40% Bank Loan (3 Years Minimum Lock in period)

10 Years repayment period

AP State Government

Government of Andhra Pradesh offering 89% Subsidy for 3 HP and 5 HP agricultural solar pumps through DISCOM’s (SPDCL/EPDCL).

3 HP & 5 HP Submersible and Monoblack Pumps are supplied under this scheme

33 % MNRE GOI Subsidy through NREDCAP

11 % Farmer Contribution

56 % Stage Government Subsidy through DISCOM’s

Interested farmers can apply for the pumps through DISCOM’s at their local Divisional Engineers offices